University Endowments Reap Gains From Early SpaceX Investment, Now Face Allocation Dilemma
SPCX Space Exploration Technologies Corp
$139.65 -2.57%
View chart & analysis → - 1Early investment in SpaceX (SPCX) and its June IPO boosted university endowment returns.
- 2Harvard allocated roughly 7% of its $2.2 billion endowment and UConn about 7% of its $725 million endowment to SpaceX.
- 3As diversification is a core principle of endowment management, some universities are debating how much of their portfolio should remain in SpaceX.
This 3-line summary is compiled from the report below.
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